Tourism Analytics can help you by providing current information and data about the state of the tourism industry in Aruba, in the Caribbean and globally. More importantly we can analyze and interpret those data based on 45 years of experience of the tourism industry and provide you with meaningful recommendations to help you make the right decisions for your business or organization.
According to Mike Brody, CEO of Exago Inc., analytics come in four distinct types, with each building on top of the other like a pyramid.
The base of the pyramid is descriptive analytics, which report whathappened and allow analysis of past performance data in order to identify known strengths and weaknesses. A descriptive report could show, for example, how many visitors came from each major market last month.
The next level is diagnostic analytics, which report on why something happened and reveal what factors drive positive and negative performance. If the descriptive report shows that visitor numbers are down in one market, a diagnostic report might show that it’s because of reduced marketing spend.
Using the first two as a foundation, predictive analytics can be used to report on what could happen, based on past performance. If a destination wanted to increase visitor numbers, its predictive report could show where higher marketing spend would go farthest to increase revenue.
Finally, at the very top, there is prescriptive analytics, a report on what shouldhappen. Here, artificial intelligence and machine learning mine past data to inform future decisions. Prescriptive data could tell a destination’s marketers exactly which price points to push in their latest marketing programs.
Tourism Analyticsrecent and current projects include: -
Interim Managing Director: Curaçao Hospitality and Tourism Association (since November 2022)
Presentation: Update on the Current State of Tourism in the Caribbean and Opportunities for Curacao’s Tourism Sector: Curacao Hospitality and Tourism Association: June 2022.
Report: Updated Inventory of Proposed Commercial Accommodation – Curacao 2022 - 2026: Curacao Tourist Board June 2022.
Report: Marketing Section Curacao Destination Development Plan 2022 - 2026: Curacao Tourist Board: October 2021.
Paper: Short and Medium Term Outlook for Aruba’s Tourism Sector: September 2021
Report: Aruba's Tourism Industry in Review 2020 and Outlook for 2021: March 2021
Report: Current economic situation: Aruba, The Bahamas, and Barbados: September 2020.
Paper: Overview of requirements regarding Covid19 for visitors to key Caribbean destinations: July 2020.
Paper: The need for further flexibilization of Aruba’s Labor Laws: May 2020.
Paper: When will the tourism industry of The Bahamas recover? April 2020.
Paper: When will Saint Lucia’s Tourism Industry Recover? April 2020.
Paper and Presentation: When will Curacao’s Tourism Industry Recover? April 2020.